If you are involved in an accident and your car sustains such serious damage that the price of repairs adds up to between 51 and 80% of the vehicle’s value, depending on the insurer, the car ...

But if you haven't made a will yet, you're certainly not alone. Research from Austin Lafferty Solicitors found that 62% of parents of under 18s in Britain don't have one.

Remember, you could also lose any inheritance you would have been entitled to under the will if you are unsuccessful in challenging it, and it includes a no-contest clause.

If you do have kids, a will is just as crucial. Whether or not you have assets to pass down, a will is the only way to name a legal guardian of your choosing in the event of your death.